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ACQUISITIONS (Tables)
 12 Months Ended
Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Purchase Consideration, Fair Value Estimates of Assets Acquired and Liabilities Assumed, and Resulting Goodwill The following table summarizes the aggregate purchase consideration, fair value estimates of the assets acquired and liabilities assumed, and resulting goodwill as of their respective acquisition dates.
$ in millions, except share and per share amounts
Fair value of aggregate purchase consideration:
Fair value of common stock issued for TriState Capital acquisition:
Shares of RJF common stock issued
7,861,189 
RJF share price as of June 1, 2022
$97.74 
Fair value of RJF common stock issued for TriState Capital common stock
$768 
Other common stock consideration
10 
Total fair value of common stock issued for TriState Capital acquisition
$778 
Effective settlement of the Note related to the TriState Capital acquisition
123 
Preferred stock issued for TriState Capital acquisition
120 
RSAs issued for TriState Capital acquisition
28 
Aggregate cash consideration paid for Charles Stanley, TriState Capital, and SumRidge Partners acquisitions (1)
1,045 
Total fair value of aggregate purchase consideration
$2,094 
Fair value of assets acquired:
Cash and cash equivalents$613 
Assets segregated for regulatory purposes1,890 
Trading assets631 
Available-for-sale securities
1,524 
Derivative assets
51 
Brokerage client receivables
98 
Other receivables
479 
Bank loans
11,549 
Identifiable intangible assets334 
All other assets acquired303 
Total assets acquired$17,472 
Fair value of liabilities assumed:
Bank deposits
$12,593 
Trading liabilities
552 
Derivative liabilities
125 
Brokerage client payables
2,064 
Other borrowings
375 
All other liabilities assumed464 
Total liabilities assumed$16,173 
Fair value of net identifiable assets acquired$1,299 
Goodwill $795 
Goodwill by segment:
PCG
$164 
Capital Markets
102 
Bank
529 
Total goodwill $795 

(1)    Cash consideration, which was funded utilizing cash on hand, included $6 per TriState Capital common share outstanding and $30 per TriState Capital Series C Convertible Preferred Stock outstanding, as well as other cash amounts paid to settle TriState Capital warrants and options outstanding as of the closing and cash paid in lieu of fractional shares. Cash consideration associated with the Charles Stanley acquisition was denominated in British pounds sterling (“GBP”) and converted to USD using the spot rate of 1.3554 as of January 21, 2022.
Difference Between Par Value and Purchase Price of PCD Loans at Acquisition The following table reconciles the difference between the unpaid principal balance and purchase price of PCD loans at acquisition.
$ in millionsJune 1, 2022
Unpaid principal balance of PCD loans$337 
Allowance for credit losses on PCD loans
(3)
Non-credit discount on PCD loans(10)
Purchase price of PCD loans$324